Live blog of opinions We will be live blogging on Thursday, Jan. 14, as the court releases opinions from the 2020-21 term. To submit a new question or comment, click the comment bubble at the top. To reply to an existing question or comment, type your reply in the thread. For answers to common questions regarding opinion announcements, https://www.scotusblog.com/2021/01/live-blog-of-opinions-60/
Yet - the math there - paid back plus the 10% and then some !!
That does not line up with anything posted here
Many have posted here
We owe x - ? (180 or 220 or so Billion - ? some one)
The annual dividend at 10% of x ---- if not challenged (and it was not !!) - would then be close to that 18.9B
While I believe that such payment in part can be pay back of investment
Is our team saying ????
We paid so much you can take (10-12) years of 18.9B per year (10-12 years worth) (words missing in transcript discussion about quarterly or annual or ?) then add the entire investment say 189 B and we have paid that plus 30 B
so 189 plus 189 plus 30 = 410B
I thought we have paid 300B
HeLP !!
now - I think one can argue in a settlement (not per math and contract) that we paid so much its in essence wiped out - but the math does not reach that high - does it ?
Golfbum - see below ... straight from the horse’s mouth.
Holden - Have you read through the oral arguments? I listened to Thompson's calls. Here are excerpts from SCOTUS oral arguments, which is the latest "update" from the distinguished Mr. Thompson. I bolded and highlighted key sections so it is plain as day what is being asked for for Commons and JPS.
Pages 69 to 70 Quote: JUSTICE THOMAS: But how would we unscramble the egg here? How do we put the parties back into the position they were in prior to Amendment III?
MR. THOMPSON: Thank you, Your Honor. Our preferred remedy that we articulated to the Fifth Circuit Court of Appeals en banc is that the overpayments measured against the 18.9 billion dollars of dividends that were being paid, that anything above that be treated as a paydown of principal on the government's liquidation preference. And if you do the math, the government's been paid back in toto plus 10 percent interest and there's 29.5 billion dollars left over.
The Fifth Circuit Court of Appeals asked the parties to address three questions. They gave the government 100 pages between FHFA and Treasury to address it, as it said, "in practical terms, what would setting aside the Net Worth Sweep entail and how would it affect other functions of the FHFA."
And in response to our preferred remedy, the government and FHFA said precisely nothing. They did not object. They had no practical concerns that they gave voice to.
JUSTICE THOMAS: Thank you.
MR. THOMPSON: And it's an accounting adjustment.
Pages 98 & 99 Quote: JUSTICE BARRETT: And -- and let me just -- I just want to be certain I understand what you're asking for. Are you asking us to say if we agreed with you on the whole thing you want an injunction ordering Treasury to pay back the billions of dollars?
MR. THOMPSON: No -- no -- no, Your Honor. So this is very important. We're seeking two things. Numbering 1, we're seeking prospective relief so that in your hypothetical the Senate confirmed director would be enjoined from making any future sweep dividend, approving any future sweep dividend payment; and, number 2, we're asking to go back and have the overpayments, over and above the $18.9 billion, to be treated as a pay down of principal. And that would essentially deem the government paid back.
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